Week. They previously had a limit of 60 euros per day. Capital controls remain in place. Transfer of funds aboard is restricted apart from a few exceptions. Littles on cash withdrawals still remain. I cannot feel positive about the future. Increases in valueadded tax agreed under the bailout terms have also taken effect. The valueadded tax at restaurants and cafes rose on monday from 13 to 23 . The vat on food items and daily necessities also rose to 23 . The United States and cuba have restored full diplomatic relations and will reopen their embassies on monday. Diplomats from the two countries will officially declare the restoration of diplomatic ties severed if 1961. The cuban interest section if washington, d. C. Has already replaced its door plate with a new one that reads the embassy of cuba. Its covered with occur tain and will be unveiled during an afternoon ceremony to mark the reopening a. Cuban flag will be hoisted at the event. Similar preparations are also under way in cub
Francine welcome to the pulse , l ive in london. Im francine lacqua. Coming up later in the program we speak exclusively to the zalando managing director rubin ritter as his company beat secondquarter sales estimates. Francine after that, we will speak to the rwe chief finance officer. Make sure you stay tuned for both these interviews. Manus a rare briefing has been held in china. As the central bank worst to restore calm following the devaluation of the yuan. Francine the currency experience its worst loss in two decades as the peoples bank of china says it would intervene. The Deputy Governor also in charge of the foreignexchange told the media respects the market, fear the market. He did not mention intervene the market. That is probably what he was thinking in the back of his mind. Manus indeed. And try to get some sort of market context. Class test. Lets talk to mark. Weve seen a little bit of a bounceback. Mark lets start with the dollaryuan. This is whatever one has been focuse
And on welcome im peter w. Watching the news hour live from doha coming up in the next sixty minutes. Than a week Nobel Committee has decided to award the Nobel Peace Prize for twenty seventeen to the international contained to abolish new player weapons. A peace prize and a warning more needs to be done to rid the world of Nuclear Weapons plus. We must not allow iran to attain to obtain Nuclear Weapons. President trump drops his strongest hint yet that the u. S. Will withdraw its support for the Iran Nuclear Deal. U. S. Commanders ordered a hole to some joint military exercises with gulf allies because of the diplomatic crisis targets in qatar. The body of iraqs former president ial out taliban champion of the kurdish independence struggle arrives in his hometown where hell be laid to rest. And on time hamas now have the latest post news including argentina on the verge of missing the first world cup nine hundred seventy after failing to win again and caught a fine. Our top story the
Three weeks ago islamic militants killed more than 40 people in a palm sunday gathering. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Tech hit new records, dominating the worlds most valuable list. Will the earnings euphoria hold . Two tech firms make their public debut with two very different performances. Is the market getting too hot to handle . Approachest trump his 100th day in office, we will discuss the policies that had the biggest impact on tech, immigration, and tax reform. First, to our lead. This week has been filled with earnings from tech giants like amazon, alphabet, microsoft, just to name three, all of which have hit record highs this friday trade. Alphabet reported thursday and showed the mobile boom is finally risking profits as google benefits from the surging clicks on smartphone ap
April and it is on the downside right now. Abigail the dow was down about 2030 points, but we can look at how it is doing for the week on friday. We are doing a bit at her. Better. As i mentioned, it is the end of the week and i do not want this to distract from the broader, better performance we have done. Take a look over here at the russell 2000 index. We saw some record highs earlier in the week in anticipation of the tax reform, because these small Domestic Companies will be the ones that would benefit from lower taxes. We can talk about stocks. Lets touch on the 10 year yield, just to be euro. Thorough. Moste unchanged for the part. Yields have been slightly higher, and we are up a bit from when. 17 we saw a week ago the geopolitical risk was flaring up. Mentionedcarlet you amazon in your open. Lets touch on that. They are one of the best performers in the nasdaq year to date, their unbroken year 20 year streak of doubledigit gains has nowhere but up to go. And google is benefiti